Where a CFA member is knowingly exposed to material non-public information will be in breach of the CFA Standards unless:

Group of answer choices

a. all resultant earnings are donated to a charitable institution

b. none of the options provided are correct

c. reported to the CFA Institute within 3 working days of the exposure

2.

The ethical standards for accountants.

Group of answer choices

a. are based on a conceptual framework approach requiring active consideration of specific rules with less reliance on professional judgement

b. are based on a conceptual framework approach requiring active consideration of fundamental principles with a reliance on professional judgement rather than specific rules

c. are based on a conceptual framework approach which seeks to increase the expectations gap

d. none of the options provided are correct

3.

A requirement that the member knows, or should have known, that the relevant information stated or omitted by the member could alter the investment decision-making process is consistent with:

a. misrepresentation

b. non-material non-public information

c. mosaic theory

d. all of the options provided are correct

Treating clients fairly in accordance with the CFA Standards:

a, is not necessarily the same as treating clients equally

b. is a requirement for all members acting at a minimum job classification as a supervisor

c. is a requirement for all members acting at a minimum job classification as a supervisor unless they are classified as a wholesale client

d. requires all clients to be assessed equally